MEDIA RELEASE FOR IMMEDIATE RELEASE
Population boom,
property bonanza
12 January 2010
Australia is experiencing a population boom of unprecedented proportions that will
shape property markets over coming decades.
Treasury forecasts suggest the Australian population will rise to 35 million by 2050,
from its current level of 22 million.
Australia is experiencing a record number of births, record overseas migration
numbers and a record low death rate, which can only equal one thing a rapidly
growing population, says Australian Property Investor deputy editor Matthew Liddy.
A higher rate of population growth creates a stronger demand for housing, and that
will have a huge impact on our property markets over coming years, Liddy says.
In conjunction with property researchers at RP Data and Colliers International, API
has identified 26 locations across the country that are tipped to experience strong
population growth, thus boosting local property markets. They include:
NSW: Waterloo, Port Macquarie
Victoria: Coburg, Cragieburn
Queensland: Bowen Hills, Flinders View
SA: New Port, Seaford
WA: East Perth, Busselton
Tasmania: Sorrell, Latrobe
ACT: Nicholls, Duffy
NT: Gunn, Durack
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FOR FURTHER INFORMATION, INTERVIEW CONTACTS OR PHOTO
OPPORTUNITIES:
Please contact Eynas Brodie
Editor, API
W: (07) 3720 9422
E: editor@apimagazine.com.au